Ivory Coast achieved independence in 1960 and has experienced political instability including a coup in 1999 and civil wars between 2002-2007 and 2010-2011. It has since adopted a new constitution in 2000. Ivory Coast has seen strong economic growth in recent years at 8.5% in 2016, making it Africa's fastest growing economy, though nearly half the population still lives in poverty. The economy is booming with growth estimated at 9% in 2015 due to infrastructure investment and a return to stability and peace after past civil conflicts.